Associate I Asset-Backed Finance

Job description

Citizens Bank is seeking an Associate level candidate to join its Corporate Credit Securitization Lending (“CCSL”) team. The CCSL team is responsible for sourcing, underwriting, and managing loan commitments to investment funds managed by middle market leveraged loan managers and secured by portfolios of middle market loans. This role will be located in Charlotte. Responsibilities include: - Analyzing both overall portfolio performance as well as underlying obligor (loans in the portfolio) results/trends, tracking mark-to-market prices of each loan, performing due diligence and clarifying conclusions with the Manager and/or the Agent, and determining underlying loans that should be elevated for increased internal monitoring. Underwriting: - Producing an underwriting memo for the approval of each loan proposed for inclusion in the collateral pool, which includes executive summary of the transaction and recommendation for value of underlying leveraged loan, capitalization and sources and uses, company overview, key risks and mitigants, and financial analysis inclusive of free cash flow and key financial metrics. - Direct client interaction in managing asset approval requests from the...